Blockchain.com (formerly Blockchain.info) Wallet Review: Features, Security, Fees

What is the Blockchain.com Wallet?

The Blockchain.com Wallet (formerly Blockchain.info) is a self-custody crypto wallet for web, iOS, and Android. In the non-custodial wallet, you control funds via a 12-word recovery phrase. The app also offers an optional custodial Trading Account for buying, selling, and fiat funding; this is separate from the self-custody wallet and carries different risks and policies.

Quick take

• Non-custodial wallet: you hold the keys via a 12-word recovery phrase.
• Optional custodial Trading Account adds convenience but introduces platform and counterparty risk.
• Supports major assets (e.g., BTC, ETH); availability varies by region and can change.
• Mobile and web access, QR support, device PIN/biometric, and 2FA for sign-ins.
• Built-in Swap to exchange supported assets inside the wallet.

Key features

• 12-word recovery phrase for backup and wallet recovery.
• Two-factor authentication (2FA) for account sign-in and sensitive actions.
• Address book and QR code support for easier payments.
• Built-in Swap for supported assets.
• Multi-language interface and multiple fiat display currencies.

Security and custody model

In the self-custody wallet, only your recovery phrase can restore access to funds—Blockchain.com cannot recover it for you. The optional Trading Account is custodial: keys are held by the platform, which may apply KYC/AML checks, withdrawal rules, and maintenance holds. Crypto assets are volatile and generally not insured like bank deposits. For foundational risk guidance, see the U.S. SEC’s Investor Bulletin: Cryptocurrencies and the SEC’s Crypto Assets topic pages.

Common risks and how to reduce them

• Backup hygiene: write the 12-word phrase on paper or metal; store copies in separate secure places. Avoid screenshots, email, and cloud notes.
• Phishing: bookmark official sites and verify app publishers; never enter the recovery phrase into any website, chat, or form.
• 2FA and device security: enable 2FA, use strong device unlocks, and keep OS/apps updated.
• Test first: send a small test transaction to new addresses before larger transfers.
• Large balances: consider a hardware wallet or multi-signature setup for added resilience.

Supported assets, platforms, and where to verify

Support typically includes major coins such as Bitcoin (BTC) and Ethereum (ETH), plus select additional assets and stablecoins. Listings and features vary by jurisdiction and can change. Verify current availability and service status on official pages: Blockchain.com Wallet, Blockchain.com Support, and status.blockchain.com.

Fees you may pay

• Network fees: on-chain miner/validator fees paid to the network; variable and not retained by Blockchain.com.
• Swap fees/spreads: apply when exchanging assets in-wallet; quotes update with market conditions.
• Custodial Trading Account fees: buy/sell, deposits/withdrawals, and card/bank payments vary by region and method.
• Always review current details in-app or on official support before transacting: Blockchain.com Support.

Pros and cons

Pros

• You control keys in the self-custody wallet; the 12-word phrase enables recovery if the device is lost.
• Simple interface across mobile and web with QR and biometric/PIN unlock.
• Built-in Swap and optional Trading Account for convenience.
• Multi-language and multiple fiat display currencies.

Cons

• Losing the recovery phrase can mean permanent loss of access to self-custodied funds.
• Swaps and card/bank purchases may carry higher spreads or fees than specialist exchanges.
• Custodial Trading Account adds platform and counterparty risk; it is not the same as self-custody.
• Asset availability and features vary by country and can change with policy updates.

Who it suits (and who it doesn't)

Good for

• Beginners seeking a straightforward non-custodial wallet with optional in-app trading.
• Everyday users sending/receiving major assets like BTC and ETH.

Less ideal for

• Advanced users who need multi-sig, custom networks, or niche assets.
• Active traders who require order books, advanced charting, and API automation.

Safe setup checklist

• Download only from verified app stores or the official web app; verify the URL.
• Create the wallet, write down the 12-word phrase, and ensure it is legible.
• Store at least two offline backups in separate secure locations; consider a metal backup.
• Enable 2FA and biometric/PIN unlock; turn on anti-phishing and alert settings if available.
• Make a small test transaction and, if possible, practice recovery on a spare device before depositing meaningful funds.

Alternatives and comparisons

If you mainly want regulated, multi-asset trading with integrated fiat rails rather than a wallet-first setup, compare brokers as a different fit. See our Crypto brokers comparison and the in-depth eToro broker review. Broker accounts have different fees, regulations, and custody models—review details carefully before opening an account.

Check current prices

Before moving or swapping funds, check recent volatility and market conditions. See our Live crypto rates page for up-to-date pricing.

Verdict

Blockchain.com’s wallet remains a straightforward entry point to self-custody for major coins, with the convenience of in-app swaps and an optional custodial Trading Account. Its value is strongest for users who want simple control of keys and everyday transfers. As with any crypto wallet, outcomes depend on your security habits: protect the 12-word phrase, verify official sources, and understand that crypto carries meaningful risk and price volatility.